AGROSERVICE AS: årsregnskap 2020 vs 2019
Grew 35% on revenue, returned to profit
approved 2021-08-27; registry 2021-09-21; journal 2021 726156
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AGROSERVICE AS. Revenue 26.22m NOK → 35.40m NOK (+35.0%). Net result -391.3k NOK → +876.0k NOK. Equity 1.54m NOK → 2.42m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for AGROSERVICE AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 26.22m NOK to 35.40m NOK (+35.0% YoY). Calculated
-
↑
Operating result improved
Operating result -103.5k NOK → +478.6k NOK (op. margin -0.4% → 1.4%). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 391.3k NOK to a profit of 876.0k NOK. Calculated
-
↑
Equity strengthened
Book equity 1.54m NOK → 2.42m NOK (equity ratio 15.5% → 21.7%). Calculated
-
↑
Payroll decreased
Salary cost 8.14m NOK → 7.97m NOK (31% → 23% of revenue). Calculated
What deteriorated
-
↓
Cash fell
Bank deposits 302.6k NOK → 272.9k NOK (-9.8% YoY). Calculated
Things to notice
-
·
COGS moved
COGS / varekostnad 6.27m NOK → 13.43m NOK (+114.2% YoY). Calculated